Notabene
Notabene is a B2B security company that offers a comprehensive transaction risk management platform, SafeTransact, to ensure real-time compliance with global crypto regulations, including the Travel Rule, AML rules, and sanctions screening.
Company Overview
Notabene is a B2B company operating in the security sub-industry. The company offers a unified transaction risk management platform designed to enable real-time compliance with global regulations. The company is headquartered in New York, NY, USA, with additional offices in Zug, Switzerland, and Singapore. Launched on August 18, 2020, Notabene was part of the Y Combinator S20 batch.
Services
Notabene provides a SaaS platform called SafeTransact, which enables businesses to perform due diligence on their counterparties and manage the risk of incoming and outgoing transactions. The platform automates real-time decision-making, counterparty sanctions screening, identification of self-hosted wallets, and adherence to the Travel Rule. It supports financial institutions and VASPs in ensuring compliance with FATF's Recommendation 16, also known as the 'Crypto Travel Rule.'
Product Features
Notabene's SafeTransact platform includes a range of features designed for comprehensive compliance. These include an easy-to-use dashboard, the ability to set risk management rules, and TRNow, an in-house solution for securely sharing, sending, receiving, and storing PII data. The platform provides a protocol-agnostic approach to Travel Rule compliance, access to over 1,000+ VASPs' regulatory information, and automates due diligence processes to establish trusted relationships with top counterparties.
Geographic Reach
Notabene serves multiple regions worldwide, including the United States of America, Switzerland, Singapore, America/Canada, Europe, and Southeast Asia. The company offers remote and partly remote work options to accommodate a diverse global team and client base.
Partnerships and Initiatives
Notabene has launched the industry's first Travel Rule Compliance Certification program (NB-TRFC) to help businesses meet global regulatory requirements for crypto transactions. This initiative highlights Notabene's commitment to assisting financial institutions and VASPs in navigating the complexities of new regulations and maintaining compliance in an evolving market.